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Musuq Rumi Group
In this Group: Esperanza, Raquel Lourdes, Victoria , Miriam, Rosa Maria, Aparicio , Marleny, Fresquita, Cirila , Felix, Lucia, Aurelia, Carlos , Chose , Maryvell, Julia Agustina, Maximiliana, Odilia, Fidela
The Musuq Rumi, which means New Stone in Quechua, communal bank is starting its 20th cycle with 19 members.

Esperanza has been a member for several years and now is the group President. She has been President on three occasions. She’s married and has three children who are in school.

Esperanza sells firewood at home every day; she buys the firewood from producers.

She is asking for a 400 sol loan to buy firewood.

Esperanza dreams that her children get ahead studying a profession.
View original language description ↓
El Banco Comunal Musuq Rumi que significa Nueva piedra en quechua inicia el ciclo 20 con 19 socias.
Como es el caso D. L. señora Esperanza que es socia hace algunos años y actualmente es presidenta D. su Banco Comunal, Esperanza fue presidenta en 3 oportunidades, es casada y tiene 3 hijos que estudian.
Esperanza venD. leña en su casa, negocio que realiza todos los días, L. leña lo compra D. los productores..
Esperanza solicita un préstamo D. 400 soles para L. compra D. leña.
Esperanza sueña con que sus hijos salgan adelante estudiando una profesión.

Additional Information

About FINCA Peru

This loan is administered by FINCA Peru, one of Kiva’s Field Partners in Peru. FINCA Peru is dedicated to empowering socially and economically disadvantaged women in Peru, contributing to the development of their families, and building sustainable communities.

In 1990, FINCA Peru began by lending to a small group of women widowed by the Shining Path terrorist movement in Ayacucho. Beyond loans and financial services, FINCA offers business development training, personal and family development training, gender empowerment sessions, life insurance products, and financial and social literacy sessions for the children of borrowers. Visit FINCA Peru’s Kiva Field Partner page to learn more.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $6,715
    Average annual income
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Musuq Rumi Group's $4,600 loan helped a member to buy firewood.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2010
Listed
Sep 6, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011